Green light for the shareholders of fca to the spin-off of Ferrari. Meeting in an extraordinary meeting in Amsterdam, the shareholders approved the spin-off with 98,8% of the votes in favour. 45% of the share capital was present at the meeting, which lasted 57 minutes.
"The shareholders' meeting approved the spin-off - said the CEO of Fiat Chrysler, Sergio Marchionne – and with the ok of the Italian Stock Exchange, which I believe has already happened, we should be there January 4th. The spin-off is contextual to the quotation. The demerger of Ferrari from FCA represents the beginning of a new chapter. We are confident that new interesting prospects will open up and the men and women of Ferrari will be up to the challenge”.
As far as other brands are concerned, “it is highly unlikely – continued Marchionne – that brands such as Maserati o Jeep are separated. Ferrari is unique because we have kept development and production separate, which we have not done for other brands. So it's extremely difficult to separate these brands, it's a remote probability."
At this point, according to the manager, FCA has “a level of debt more than adequate, reflecting the status of the investments”: at thereset will come “probably in 2018".
On the front of new models, Marchionne has announced that FCA will launch the first hybrid vehicle in January at the Detroit auto show: “It will be a minivan from the Chrysler brand – he said -. The idea of the hybrid is essential for the development of the market, because the Tesla model only electric cars cannot cover the mass markets. Over the next few years, most of our products will reflect this technology."
As far as possible integration with General Motors, "for the moment - concluded Marchionne - we have no intention of doing anything hostile".
A line also confirmed by the president of Fiat Chrysler: "There is no intention of forcing," he said John Elkann, adding that the strategy followed by Exor for the acquisition of PartnerRe cannot be repeated: "It is a very different logic, they are two different cases, it must not be confused with the industrial logic".
